Loan Repayment
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EMI Calculator Loan Repayment
Calculate the monthly EMI, total interest and total cost of a home, car or business loan.
YearsMonths
Loan AmountInterest Payable
Get Expert HelpMonthly EMI₹68,355
Total Interest₹4,60,789
Total Payable Amount₹24,60,789
What Is an EMI?
an equated monthly instalment (emi) is the fixed amount you repay each month on a loan. every emi covers part interest and part principal — early on it is mostly interest, and over time more of it goes to principal.
The EMI Formula
emi = P × i × (1 + i)ⁿ ÷ [(1 + i)ⁿ − 1], where P is the loan amount, i is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the number of monthly instalments.
How to Use This Calculator
- enter the loan amount;
- enter the annual interest rate;
- enter the tenure in years;
- see your monthly emi, the total interest you'll pay and the total cost of the loan.
Lower Your Interest Cost
a shorter tenure raises the emi but cuts total interest sharply; part-prepayments early in the loan have the biggest impact. for business loans, the right structure matters — our team helps you prepare lender-ready documentation.
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